Ripple’s XRP token saw a 5% surge in value, reaching $0.53018, following the company’s significant victories during the reporting period. Ripple’s subsidiary, Ripple Markets APAC Pte Ltd, secured a Major Payments Institution (MPI) license from the Monetary Authority of Singapore (MAS) to provide digital payment token services in the country. Additionally, Judge Analisa Torres rejected the U.S. Securities and Exchange Commission’s (SEC) plea for an interlocutory appeal. Despite the surge, XRP still faces selling pressure due to Ripple releasing one billion tokens from its escrow system, with 200 million tokens still held by the company.

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Information	Details
Geography	Asia
Countries	🇸🇬
Sentiment	neutral
Relevance Score	8
People	Analisa Torres, Brad Garlinghouse
Companies	U.S. Securities and Exchange Commission, Monetary Authority of Singapore, Ripple Markets APAC Pte Ltd, Ripple
Currencies	US Dollar, Ethereum, XRP, Bitcoin, Singapore Dollar
Securities	None